Cannabis Lounges Bring New Risks to Fast-Moving Industry
In a growing number of communities around the U.S., new cannabis lounges are offering a social setting where guests can openly use marijuana products. Colorado and New Mexico both saw…
Cannabis
Unique Risk Management Solutions for this Growing Industry.
Medical and recreational marijuana sales are expected to reach into the billions in the U.S. by 2023. The market’s rapidly changing landscape presents unique risk management considerations for those involved in the cultivation, production, dispensing and sale of cannabis and cannabis-derived products. Â
Cannabis Coverage through Burns & Wilcox can help your clients manage the unique risks associated with operating regulated dispensaries and nurseries. The coverage also helps manage risks for building owners and leased facilities. Each account is handled with industry expertise, strong market and carrier partnerships and a solutions-based approach to help insureds understand the needs of the customer.Â
Cannabis Coverage through Burns & Wilcox can help your clients manage the unique risks associated with operating regulated dispensaries and nurseries. The coverage also helps manage risks for building owners and leased facilities. Each account is handled with industry expertise, strong market and carrier partnerships and a solutions-based approach to help insureds understand the needs of the customer.Â
Cannabis Webinar
Understanding Cannabis Complexities & Changing Market Dynamics
PRESENTED BY Emily McDaniel
Mar 10, 2021
Recent Cannabis Wins |
See More |
$121,000
POS AND WEB SITE FOR CANNABIS
$70,000
CANNABIS EDIBLE MANUFACTURER
$65,000
GENERAL LIABILITY & EXCESS LIABILITY - CANNABIS RETAILER
$27,000
CBD AND MARIJUANA RETAIL OPERATION
Areas Of Specialty
Dispensary/Retail Stores
- Recreational DispensaryÂ
- Medical DispensaryÂ
- CBD Retail StoresÂ
- Online or Brick & Mortar SalesÂ
- Smoking AccessoriesÂ
Cultivation & Grow Operations
- Outdoor CultivationÂ
- GreenhousesÂ
- Indoor CultivationÂ
- Bulk/WholesaleÂ
- Seeds/ClonesÂ
Extraction and Plant Oil Processing
Testing Labs
Lessor’s Risk Only with Cannabis tenants
Product Manufacturing
- Oils/Tinctures Â
- Supplements/CapsulesÂ
- Food Products/EdiblesÂ
- Topical/CosmeticsÂ
- Smokable Products including VapesÂ
Available Products
- General Liability
- Premises Liability
- Product Liability
- Property (including indoor Crop)
- Builders Risks
- Inland Marine
- Professional Liability
- Directors & Officers Liability
Featured Expert |
Emily McDaniel
Broker, Commercial Insurance
SPECIALTIES
- Cannabis
- Habitational
- Manufacturing and Distribution
Emily joined Burns & Wilcox Denver office in June 2020 and comes with a wealth of knowledge and experience in the insurance industry both as a retail agent and in…
Read More
Your Local Team |
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Corporate Senior Vice President
Managing Director
Managing Director
Senior Vice President
Corporate Senior Vice President
National Professional Liability Practice Leader
National Professional Liability Practice Leader
President, B&W Brokerage
Related Intel |
See All |
Report: U.S. Cannabis Sales Could Exceed $30 Billion By 2022
Legal cannabis sales in the U.S. could exceed $30 billion by 2022, marijuana analytics company Headset recently projected in an updated long-term forecast. It is an increase in estimated sales…
$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report
The U.S. cannabis industry could exceed $45 billion in annual sales by 2025, according to a recent projection published in the 2021 Marijuana Business Factbook. That could mean double the…
Knows our market very well. Able to place difficult risks quickly. Great response times!
Recent Cannabis Wins
$121,000
POS AND WEB SITE FOR CANNABIS
$70,000
CANNABIS EDIBLE MANUFACTURER
$65,000
GENERAL LIABILITY & EXCESS LIABILITY - CANNABIS RETAILER
$27,000
CBD AND MARIJUANA RETAIL OPERATION
$24,500
MEDICAL MARIJUANA - GROWER & CULTIVATOR
$17,300
LICENSED RETAIL CANNABIS DISPENSARY
$5,600
LICENSED RETAIL CANNABIS DISPENSARY
$5,150
CBD MANUFACTURING
$5,000
CBD MANUFACTURING/SALES - GL
Eligibility Guidelines
Below are the eligibility guidelines for online binding and issuing Cyber Liability:
– Revenue up to $15M accepted
– 138 Industries Accepted
– Excluded Industries include: adult content, auction sites, data processing, debt collection, direct marketing franchisees, healthcare aggregators, online gambling, payment processors, pos technology, search engines and social media.
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Product Guidelines
Honoring a True Pioneer
A BURNSÂ 
WILCOX ASSESSMENT
Article Title
April 16, 2020
Written by
Denis Brady
PRESIDENT, BURNS & WILCOX BROKERAGE
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“Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?”
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State of the Cannabis Market
A BURNSÂ WILCOX ASSESSMENT